Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Increases By 649.6%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 315,600 shares, an increase of 649.6% from the October 15th total of 42,100 shares. Based on an average daily volume of 46,300 shares, the short-interest ratio is currently 6.8 days.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

Shares of SKOR traded down $0.15 during midday trading on Tuesday, hitting $48.00. The stock had a trading volume of 24,916 shares, compared to its average volume of 37,843. The company has a 50 day simple moving average of $48.68 and a two-hundred day simple moving average of $48.09. FlexShares Credit-Scored US Corporate Bond Index Fund has a twelve month low of $45.84 and a twelve month high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, November 1st were given a $0.2005 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.41 dividend on an annualized basis and a dividend yield of 5.01%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Horizon Bancorp Inc. IN boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% during the third quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock valued at $10,915,000 after acquiring an additional 34,148 shares during the last quarter. Harbour Trust & Investment Management Co boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the third quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company’s stock valued at $15,098,000 after acquiring an additional 5,583 shares during the last quarter. Finally, Gleason Group Inc. bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter valued at $66,000.

About FlexShares Credit-Scored US Corporate Bond Index Fund

The FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of intermediate-maturity, investment-grade corporate bonds that are selected and weighted by fundamental factors. SKOR was launched on Nov 12, 2014 and is managed by FlexShares.